Chen Chaohui Amends uCloudlink (UCL) Ownership Filing
Ticker: UCL · Form: SC 13G/A · Filed: Feb 5, 2024 · CIK: 1775898
| Field | Detail |
|---|---|
| Company | Ucloudlink Group Inc. (UCL) |
| Form Type | SC 13G/A |
| Filed Date | Feb 5, 2024 |
| Risk Level | low |
| Pages | 16 |
| Reading Time | 20 min |
| Key Dollar Amounts | $0.00005 |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: insider-ownership, amendment, beneficial-ownership
Related Tickers: UCL
TL;DR
**Major uCloudlink (UCL) shareholder Chen Chaohui updated their ownership filing.**
AI Summary
Chen Chaohui, a significant shareholder in uCloudlink Group Inc. (UCL), filed an Amendment No. 3 to Schedule 13G on February 5, 2024, indicating a change in their beneficial ownership as of December 31, 2023. This filing, made under Rule 13d-1(d), updates previous disclosures regarding their holdings of Ordinary Shares, par value of $0.00005 per share, which trade as ADSs under the symbol "UCL." This matters to investors because it provides transparency into the holdings of a key insider, which can signal confidence or concerns about the company's future.
Why It Matters
This filing updates the public record on a major shareholder's stake, offering insights into potential insider sentiment for uCloudlink Group Inc. (UCL) investors.
Risk Assessment
Risk Level: low — This is a routine amendment to a beneficial ownership filing, indicating transparency rather than immediate risk.
Analyst Insight
Investors should note that this is an amendment to a previous filing, indicating a change in beneficial ownership by Chen Chaohui. While the specific change in ownership percentage is not detailed in this excerpt, smart investors would seek out the full filing to understand the updated stake and assess any potential implications for insider confidence in uCloudlink Group Inc. (UCL).
Key Numbers
- $0.00005 — Par Value per Share (The par value of uCloudlink Group Inc.'s Ordinary Shares.)
- 10 — Shares per ADS (Each American Depositary Share (ADS) of uCloudlink Group Inc. represents ten Class A ordinary shares.)
Key Players & Entities
- Chen Chaohui (person) — reporting person and significant shareholder of uCloudlink Group Inc.
- uCloudlink Group Inc. (company) — the subject company whose securities are being reported
- ALPHAGO ROBOT LTD (company) — group member associated with the filing
- BRIGHT TOPAZ HOLDING LTD (company) — group member associated with the filing
- BRILLIANT TOPAZ HOLDING LTD (company) — group member associated with the filing
- CHEN FAMILY EVERGREEN TRUST (company) — group member associated with the filing
- HARMONY PENG TRUST (company) — group member associated with the filing
- MEDIAPLAY LTD (company) — group member associated with the filing
- SHUBAO PEI (person) — group member associated with the filing
- WEN GAO (person) — group member associated with the filing
FAQ
Who filed this SC 13G/A amendment?
The SC 13G/A Amendment No. 3 was filed by Chen Chaohui, a reporting person and significant shareholder of uCloudlink Group Inc.
What is the subject company of this filing?
The subject company is uCloudlink Group Inc., with the Central Index Key (CIK) 0001775898.
What is the CUSIP number mentioned in the filing and what does it represent?
The CUSIP number is 90354D 104, which has been assigned to the American depositary shares ("ADSs") of uCloudlink Group Inc., quoted on The Nasdaq Stock Market under the symbol "UCL."
What is the par value of uCloudlink Group Inc.'s Ordinary Shares?
The par value of uCloudlink Group Inc.'s Ordinary Shares is $0.00005 per share.
When was the event date that required this filing?
The date of the event which required the filing of this statement was December 31, 2023.
Filing Stats: 4,894 words · 20 min read · ~16 pages · Grade level 17.7 · Accepted 2024-02-05 07:00:14
Key Financial Figures
- $0.00005 — Issuer) Ordinary Shares, par value of $0.00005 per share (Title of Class of Securiti
Filing Documents
- ea192793-13ga3chen_ucloud.htm (SC 13G/A) — 433KB
- 0001213900-24-009829.txt ( ) — 435KB
(a). Name
Item 1(a). Name of Issuer: UCLOUDLINK GROUP INC. (the “Issuer”)
(b). Address
Item 1(b). Address of Issuer’s Principal Executive Offices: Unit 2214-Rm1, 22/F, Mira Place Tower A, 132 Nathan Road, Tsim Sha Tsui, Kowloon, Hong